Loans

Loans built around
your business

Four products, each matched to how a different kind of business actually earns. Find the one that fits, then see what it costs.

Our loan products

Rates are charged per month of the term. The calculator below turns any of these into real naira figures for the amount and term you choose.

  • Salary Advance

    Funds before your next salary, repaid monthly over one to six months.

    Best for: Salary earners, civil servants and business owners who need money before their next payday.

    Rate
    9 – 10% per month
    Term
    1 – 6 months
    Amount
    ₦50,000 – ₦10,000,000
    Repayments
    Monthly
    Calculate Salary Advance

  • SME Weekly

    Flexible funding for traders and artisans, repaid once a week.

    Best for: Traders, artisans and small business owners with steady weekly takings.

    Rate
    10% per month
    Term
    9 – 11 weeks
    Amount
    ₦50,000 – ₦5,000,000
    Repayments
    Weekly
    Calculate SME Weekly

  • SME Daily

    Quick working capital for daily trade, repaid a little each day.

    Best for: Business owners who take money daily and prefer to repay the same way.

    Rate
    10% per month
    Term
    30 days
    Amount
    ₦30,000 – ₦5,000,000
    Repayments
    Daily
    Calculate SME Daily

  • SME Marketly

    Funding repaid on market days at Kuto, Lafenwa and Elega.

    Best for: Market traders who earn on market days and want repayments to match.

    Rate
    10% per month
    Term
    11 market days
    Amount
    ₦30,000 – ₦5,000,000
    Repayments
    Market days
    Calculate SME Marketly

Salary Advance does not require a credit check. The three SME products do.

See what you could borrow

The numbers provided below are illustrative estimates to help you understand PalmRise Limited loan repayments. This does not constitute an official loan offer.

₦500,000
₦100,000₦10,000,000
Over how long?

You repay every month

₦550,000

You receive
₦500,000
Interest
₦50,000
Total repayment
₦550,000
Processing feePaid once, upfront, not part of your repayments
₦5,000
Apply with these figures

This is an estimate to help you plan. Your final figures are confirmed when PalmRise reviews your application.

Processing fee

Paid once, upfront. Never added to your repayments.

₦30,000 – ₦500,000
₦5,000
₦500,000 – ₦1,000,000
₦10,000
₦1,000,000 – ₦10,000,000
₦20,000

What you need to apply

No formal education and no long banking history. These are the documents that matter.

Documents

  • A guarantorSomeone who can vouch for you, with their contact details.
  • CollateralAn asset held as security against the loan.
  • NIN or Voter’s cardA valid means of identification.
  • A passport photographA recent photograph of yourself.
  • Statement of accountRequired for Salary Advance.

Eligibility

  • You live, work or trade within Ogun State
  • You have regular income from salary or business
  • You can provide a guarantor and collateral

Civil servants and institutional employees

Additional documents for Salary Advance

  • First appointment letter
  • Confirmation letter
  • Last promotion letter
  • Office ID card
  • Statement of account for your salary account

FAQs

Still unsure about something? Call us and ask — the number is in the footer.

Who can apply for a PalmRise loan?
Traders, existing business owners, and salary earners. No complex documentation or extensive banking history is required.
How long does approval take?
PalmRise was built on reliability and swift loan approvals. Once we have your documents, we review and respond, respectively.
What is the processing fee, and is it refundable?
The processing fee is a one-off charge based on how much you borrow: ₦5,000 for loans up to ₦500,000, ₦10,000 up to ₦1,000,000, and ₦20,000 above that. It is paid upfront when your loan starts and is separate from your repayments.
What happens if I repay late?
Talk to us as early as you can. We would rather work something out with you than let a problem grow. Your loan agreement sets out exactly what applies.
How do I apply?
Use the calculator on this page to check your repayment convenience, then send us your details. Our representative will reach out to you almost immediately.

Found the one that fits?

Send us your details and a real person will call you back to take it forward.

Get Started
Calculate my loan